PFLT vs. XFLT
PFLT (PennantPark Floating Rate Capital Ltd.) and XFLT (XAI Octagon Floating Rate & Alternative Income Term Trust) are both stocks. Both are in the Financial Services sector — PFLT in Asset Management, XFLT in Capital Markets. Over the past 5 years, PFLT returned -1.16%/yr vs -4.82%/yr for XFLT. At a 0.24 correlation, their price movements are largely independent.
Performance
PFLT vs. XFLT - Performance Comparison
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Returns By Period
In the year-to-date period, PFLT achieves a -16.96% return, which is significantly higher than XFLT's -18.33% return.
PFLT
- 1D
- 1.70%
- 1M
- -9.08%
- 6M
- -19.65%
- YTD
- -16.96%
- 1Y
- -23.64%
- 3Y*
- -1.48%
- 5Y*
- -1.16%
- 10Y*
- 4.68%
XFLT
- 1D
- 0.67%
- 1M
- 1.84%
- 6M
- -16.60%
- YTD
- -18.33%
- 1Y
- -25.14%
- 3Y*
- -5.30%
- 5Y*
- -4.82%
- 10Y*
- —
PFLT vs. XFLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFLT PennantPark Floating Rate Capital Ltd. | -16.96% | -4.17% | 0.62% | 23.05% | -5.53% | 32.64% | -1.41% | 15.52% | -8.29% | -2.90% |
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | -18.33% | -15.35% | 7.37% | 30.40% | -20.30% | 31.30% | 5.13% | 22.05% | -15.10% | -4.70% |
Correlation
The correlation between PFLT and XFLT is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2017 | 0.24 |
Fundamentals
PFLT:
$712.38M
XFLT:
$274.61M
PFLT:
$1.79
XFLT:
-$3.38
PFLT:
2.07
XFLT:
2.15
PFLT:
$229.78M
XFLT:
$127.88M
PFLT:
$45.40M
XFLT:
$65.98M
PFLT:
$38.59M
XFLT:
-$14.78M
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Return for Risk
PFLT vs. XFLT — Risk / Return Rank
PFLT
XFLT
PFLT vs. XFLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PennantPark Floating Rate Capital Ltd. (PFLT) and XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PFLT | XFLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.79 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.62 | -0.29 |
| Martin ratioReturn relative to average drawdown | -1.80 | -1.19 | -0.61 |
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Drawdowns
PFLT vs. XFLT - Drawdown Comparison
The maximum PFLT drawdown since its inception was -69.77%, which is greater than XFLT's maximum drawdown of -55.43%. Use the drawdown chart below to compare losses from any high point for PFLT and XFLT.
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Drawdown Indicators
| PFLT | XFLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.77% | -55.43% | -14.34% |
Max Drawdown (1Y)Largest decline over 1 year | -26.17% | -40.67% | +14.50% |
Max Drawdown (3Y)Largest decline over 3 years | -27.18% | -47.04% | +19.86% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | -47.04% | +17.40% |
Max Drawdown (10Y)Largest decline over 10 years | -69.77% | — | — |
Current DrawdownCurrent decline from peak | -25.94% | -35.06% | +9.12% |
Average DrawdownAverage peak-to-trough decline | -8.39% | -14.61% | +6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.16% | 21.13% | -7.97% |
Volatility
PFLT vs. XFLT - Volatility Comparison
PennantPark Floating Rate Capital Ltd. (PFLT) has a higher volatility of 8.05% compared to XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) at 3.54%. This indicates that PFLT's price experiences larger fluctuations and is considered to be riskier than XFLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFLT | XFLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.05% | 3.54% | +4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 18.01% | 18.04% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.57% | 20.52% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.34% | 20.88% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.04% | 26.06% | +2.98% |
Dividends
PFLT vs. XFLT - Dividend Comparison
PFLT's dividend yield for the trailing twelve months is around 16.86%, less than XFLT's 20.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFLT PennantPark Floating Rate Capital Ltd. | 16.86% | 13.27% | 11.25% | 9.98% | 10.38% | 8.93% | 10.83% | 9.24% | 9.59% | 8.31% | 8.08% | 10.04% |
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | 20.38% | 18.23% | 15.24% | 13.61% | 13.86% | 9.82% | 10.64% | 10.63% | 11.33% | 1.47% | 0.00% | 0.00% |
Financials
PFLT vs. XFLT - Financials Comparison
This section allows you to compare key financial metrics between PennantPark Floating Rate Capital Ltd. and XAI Octagon Floating Rate & Alternative Income Term Trust. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
PFLT and XFLT have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFLT has higher volatility (8.05%) compared to XFLT (3.54%). In terms of maximum drawdown, PFLT dropped -69.77% vs XFLT's -55.43%.
PFLT currently has the higher Sharpe Ratio (-1.10 vs -1.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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